Abdulbasit Adeniyi

Unfortunately, no one, as in nobody has come up with an accurate salary structure in Moniepoint.

Buhari called us “lazy” wanting free things. EFCC Chair says 6/10 uni students are into Yahoo Yahoo. Moniepoint CEO says many youths lack skills & are not job-ready. Many idiots clapped and justified them.But let me tell you: The average Nigerian youth is grinding multiple hustles — trading, freelancing, learning tech on YouTube, building small businesses — just to avoid begging on the streets.

Are you saying right now, that you know a senior developer at Moniepoint that’s not more than to 1M? I won’t even ask you for proof, I’m just asking you to reply YES or NO.

Tosin Eniolorunda and his co-Founder are Nigerian trained. All of the day one guys at Moniepoint are Nigerians and most of them are still with the company and doing very well. Moniepoint employ, in total, almost 30,000 Nigerians. They are a top employer in NIGERIA 🇳🇬. They pay a minimum of 75% percentile of the market. Junior Developers earn N1M monthly. Most earn N3M and some earn N4M monthly. They have people who earn around N10M monthly! Moniepoint remains one of the highest transacting companies in AFRICA. They are a world-class company. And if Moniepoint did not exist, Nigeria would have gone to CHINA, completely. Tosin must have spoken from a place of deep passion and pain because human capital in Nigeria is low. I have tweeted about this several times as well. Yes, we have good talent, but when you look at the larger population of the country, we have so much work to do. This is a FACT! By the way, Moniepoint has paid some employees a million dollar in stock options (IN CASH). And there are at least 15-20 people who work with Moniepoint in Nigeria who are dollar millionaires! So, to say they underpay or they take advantage of cheap labour is redundant and lazy talk. Again, criticisms should be fair and balanced. But Business Leaders should never shy away from shedding light on challenges across the country. PS: MONIEPOINT HAS PRODUCED A GEN Z A BILLIONAIRE!! JULIAN DUMEBI DURU IS ALIVE AND WELL, AND HAS TOLD HIS STORY. He was a Product Manager, then a Software Architect, before the final promotion to Principal Engineer all at Moniepoint 👏🏽👏🏽.

Tosin Eniolorunda and his co-Founder are Nigerian trained. All of the day one guys at Moniepoint are Nigerians and most of them are still with the company and doing very well. Moniepoint employ, in total, almost 30,000 Nigerians. They are a top employer in NIGERIA 🇳🇬. They pay a minimum of 75% percentile of the market. Junior Developers earn N1M monthly. Most earn N3M and some earn N4M monthly. They have people who earn around N10M monthly! Moniepoint remains one of the highest transacting companies in AFRICA. They are a world-class company. And if Moniepoint did not exist, Nigeria would have gone to CHINA, completely. Tosin must have spoken from a place of deep passion and pain because human capital in Nigeria is low. I have tweeted about this several times as well. Yes, we have good talent, but when you look at the larger population of the country, we have so much work to do. This is a FACT! By the way, Moniepoint has paid some employees a million dollar in stock options (IN CASH). And there are at least 15-20 people who work with Moniepoint in Nigeria who are dollar millionaires! So, to say they underpay or they take advantage of cheap labour is redundant and lazy talk. Again, criticisms should be fair and balanced. But Business Leaders should never shy away from shedding light on challenges across the country. PS: MONIEPOINT HAS PRODUCED A GEN Z A BILLIONAIRE!! JULIAN DUMEBI DURU IS ALIVE AND WELL, AND HAS TOLD HIS STORY. He was a Product Manager, then a Software Architect, before the final promotion to Principal Engineer all at Moniepoint 👏🏽👏🏽.

Say what you want but moniepoint’s pay is decent. It is.

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Before I tweet anything, I do research and actually ask people questions, especially when I don’t have internal info. A junior associate who’s a frontend engineer at Moniepoint sent me a screenshot alert of his last salary payment directly from his bank app. When I initially asked him for his pay, he said it’s not a fixed figure because they add bonuses that are not fixed, and he went ahead to send the last salary payment screenshot from his mobile app. I’ve trained so many engineers in Nigeria, like a lot. Probably one of the top three largest tech training institutions in the country. I know HNG is number one. So when someone says there’s no good talent in the country, I’m also not happy about it. But I need you to know that we’re a growing ecosystem. So many people reading this tweet right now cannot point to 10 desktop engineers they know, or five game developers. You probably don’t even know 10 motion designers too. I’m not saying we don’t have them. I’m saying that you, reading this right now, probably can’t name them because you don’t know them. There’s also a huge responsibility for large companies to invest in training and employee pipelines. That’s why I also complained about the Dangote issue last year. We have a problem, and we need to agree on that. But Nigerians are also hardworking and technically global. We can’t deny that, and we should not undersell it. If you’re reading this and you know a junior technical associate in Moniepoint who’s earning below 1M. Please DM me proof, and I’ll legit add a follow up tweet to my initial tweet and apologise.

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